Chint Anneng Raises $574.8 Million in Series B, B+ at $2.16 Billion Valuation

Chint Anneng is a provider of renewable energy equipment and solution services intended to promote the use of rooftop photovoltaic systems. The company’s services include the development, sales, survey and design, installation and maintenance of rooftop solar panels, providing rural areas with clean energy power source.

Chint Group’s affiliate Zhejiang Chint Anneng Power System Engineering Co Ltd pocketed nearly $574.8 million across two funding rounds. A group of China’s state-owned enterprises including the National Green Development Fund (NGDF), China-Russia Energy Fund, Hangzhou Industrial Investment Group (HIIG), and China Southern Power Grid Company Limited, one of the country’s two state-owned power system operators, invested in the round.

Chint Anneng, Hangzhou, China, was founded in 2015. The company claims to have served a total of 800,000 households in China as of December 2022. Lu Chuan, Director of Chint Group, Chairman of Chint Aneng, has led the company to successfully expand the international market of photovoltaic modules, and at the same time to the development of downstream photovoltaic power plants.

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